Alex Frew McMillan

Hong Kong

Writer at The Street

Writer, personal trainer, editor, tennis player, reporter, snowboarder, scuba diver and long-standing Hong Konger

Articles

Beleaguered Hong Kong Developer’s Massive Debt Burden Alarms Investors

4 days ago | pro.thestreet.com | Alex Frew McMillan

Hong Kong property giant New World Development (NDVLY) (HK:0017) has seen a bounce in its beleaguered shares Tuesday, reclaiming some of the ground lost Monday, as investors worry the Hong Kong developer will escape default despite its HK$210.9 billion (US$26.9 billion) debt burden. The fate of New World has driven Hong Kong stocks the past few days amid the company’s unsuccessful attempts to renegotiate its massive debt load.
Asian Exporters Jump as Court Shoots Down Trump Tariffs (for Now)

1 week ago | pro.thestreet.com | Alex Frew McMillan

It’s green virtually across the screen today as Asian markets welcome the U.S. court decision ruling that U.S. President Donald Trump’s tariffs overstep the mark. A U.S. trade court delivered a sweeping ruling late on Wednesday that Trump’s worldwide, retaliatory tariffs “exceed any authority” granted to the president by U.S. federal law. The U.S. Court of International Trade ruled that the tariffs aren’t justified as a response to an economic national emergency.
BYD Speeds Ahead in Chinese EV Race With Extreme Price Cuts

1 week ago | pro.thestreet.com | Alex Frew McMillan

It’s a second day of struggle for the shares of electric vehicle makers in Hong Kong today, after market-share leader BYD (BYDDY) (HK:1211) launched a full-on blitz in the price war inside China. BYD has slashed prices on 22 EV and hybrid models by as much as a third. The discounts will run until June, helping the company shift older stock now that it pledges to introduce its driver-assist function even on its cheapest models.
Did U.S. Stock Market Share Just Peak?

2 weeks ago | pro.thestreet.com | Alex Frew McMillan

Did we just reach the peak for the “American exceptionalism” trade? It appears likely that U.S. equities hit their all-time peak share of the MSCI All Country World Index at the end of last year. On December 24, to be precise, when U.S. equities made up 67.2% of the index, as Christopher Wood notes in his latest Greed & Fear report. Since then, the U.S. share has slipped to 63.7% as of the end of last month.
Largest Stock Listing of 2025 Shocks With Strong Start While Shunning U.S. Investors

2 weeks ago | pro.thestreet.com | Alex Frew McMillan

The largest stock offering worldwide so far this year is off to a strong start in Hong Kong, as lithium-ion battery maker CATL (HK:3750) (SZ:300750) sees shares bounce as much as 18%. CATL, which counts Tesla (TSLA) among a long customer list for its electric-vehicle (EV) batteries, has raised as much as $5.2 billion (or $41.0 billion in Hong Kong dollars) with today’s offering in Hong Kong. It now has a market capitalization equivalent to $172 billion.
Are U.S. Investors Missing Out on the Biggest Company They’ve Never Heard Of?

3 weeks ago | pro.thestreet.com | Alex Frew McMillan

Hong Kong is prepping what’s likely to be the largest new-stock listing of 2025. But U.S. investors will miss out. I call Contemporary Amperex Technology Co. Ltd. the “biggest company you’ve never heard of.” That’s because the battery maker – better known as CATL – has to date been listed only in Shenzhen, shares that are off-limits to the vast majority of global investors. Still, CATL (SZ:300750) is the world’s largest maker of lithium-ion batteries.
Plenty Riding on This First Trump Trade Deal... But Little Optimism

1 month ago | pro.thestreet.com | Alex Frew McMillan

There’s a lot riding on this first trade deal of the New Trump Era. But that’s what we are promised we’ll get later Thursday. U.S. President Donald Trump teased on social media last night that he would hold a news conference in the Oval Office to unveil “a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY.”The New York Times was the first to identify that country as Britain, and the BBC and most other news sources are now following suit.
Taiwan Dollar Zips From Boring Bet to Hot Money Trade

1 month ago | pro.thestreet.com | Alex Frew McMillan

Asian currency strength is causing consternation for institutional investors and central bankers alike. There’s been a record surge in strength for the Taiwan dollar, while Hong Kong’s central bank equivalent is furiously defending the Hong Kong dollar’s peg to its U.S. counterpart. U.S. dollar weakness and concern over tariffs is ultimately driving the unusual moves.
Recession Likely Looms for U.S., Even If Today’s Tone Is Bullish

1 month ago | pro.thestreet.com | Alex Frew McMillan

With Microsoft (MSFT) up 9.2% in pre-market trade, and Meta Platforms (META) adding 6.6%, my call to sell the Magnificent Seven, and U.S. stocks in general, ain’t looking too hot. We also have an inkling from Chinese state media that the U.S. side is reaching out to China. It’s a tentative attempt to start trade talks on what’s currently the hottest front line in the global trade war initiated by the White House.
Why Some Chinese EVs Will Accelerate While Others Get Left in the Dust

1 month ago | pro.thestreet.com | Alex Frew McMillan

The shares of Chinese electric vehicle makers are bouncing today, based on the latest weekly sales. The numbers, coupled with the news flow on the latest on tariffs and in battery development, make for volatile trading in the sector. I think Chinese EVs make for one of the most exciting sectors in Asia, a combination of cutting-edge technology, consumer confidence, and low-cost production.